HOMESTEAD SCHOOL SULLIVAN: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- HOMESTEAD SCHOOL SULLIVAN (EIN 87-1486701)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2023-12-18
- IRS object ID
- 202343529349300564
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-12-18T10:37:57-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 141604297 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RBT CPAS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11 RACQUET RD | AddressLine1Txt |
| City | NEWBURGH | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12550 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 871486701 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOMESTEAD SCHOOL SULLIVAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOME | BusinessNameControlTxt |
| Phone | 8458566359 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 428 HOLLOW RD | AddressLine1Txt |
| City | GLEN SPEY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12737 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NISHA GUPTA | PersonNm |
| Person Title | BOARD MEMBER | PersonTitleTxt |
| Phone | 8452481042 | PhoneNum |
| Signature | 2023-12-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | NISHA | PersonFirstNm |
| Person Last | GUPTA | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVIDE DIGENOVA CPA | PreparerPersonNm |
| PTIN | P00955704 | PTIN |
| Phone | 8455679000 | PhoneNum |
| Preparation | 2023-12-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | NISHA GUPTA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 428 HOLLOW ROAD | AddressLine1Txt |
| City | GLEN SPEY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12737 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,036,416 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HOMESTEADSCHOOL.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2021 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | OUR MISSION IS TO NURTURE SELF-MOTIVATED STUDENTS WHOSE LOVE OF LEARNING WILL CARRY THROUGH INTO A LIFETIME OF RESPONSIBLE AND CONSTRUCTIVE CONTRIBUTIONS TO THE WELL-BEING OF THEIR FELLOW HUMANS AND THE EARTH. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 74 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $86,568 | PYContributionsGrantsAmt |
| CY Contributions Grants | $150,129 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,623,382 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,860,240 | CYProgramServiceRevenueAmt |
| CY Investment Income | $14 | CYInvestmentIncomeAmt |
| PY Other Revenue | $6,464 | PYOtherRevenueAmt |
| CY Other Revenue | $26,033 | CYOtherRevenueAmt |
| PY Total Revenue | $2,716,414 | PYTotalRevenueAmt |
| CY Total Revenue | $3,036,416 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,930,729 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,188,132 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $71,320 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $618,017 | PYOtherExpensesAmt |
| CY Other Expenses | $738,770 | CYOtherExpensesAmt |
| PY Total Expenses | $2,548,746 | PYTotalExpensesAmt |
| CY Total Expenses | $2,926,902 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $167,668 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $109,514 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $866,068 | TotalAssetsBOYAmt |
| Total Assets EOY | $983,168 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $698,400 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $705,986 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $167,668 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $277,182 | NetAssetsOrFundBalancesEOYAmt |
| Mission | OUR MISSION IS TO NURTURE SELF-MOTIVATED STUDENTS WHOSE LOVE OF LEARNING WILL CARRY THROUGH INTO A LIFETIME OF RESPONSIBLE AND CONSTRUCTIVE CONTRIBUTIONS TO THE WELL-BEING OF THEIR FELLOW HUMANS AND THE EARTH. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $2,300,641 | ExpenseAmt |
| Revenue | $2,860,240 | RevenueAmt |
| Desc | THE SCHOOL IS A MONTESSORI SCHOOL FOCUSED ON HUMANITARIAN AND SUSTAINABLE EDUCATION AND OFFERS EDUCATION FOR STUDENTS FROM PRESCHOOL THROUGH TWELFTH GRADE. | Desc |
| Total Program Service Expenses | $2,300,641 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | Yes (true) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (true) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (true) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 3 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 74 | EmployeeCnt |
| Employment Tax Returns Filed | false | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LORI ZAMBARANO | PersonNm |
| Phone | 8458566359 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 428 HOLLOW ROAD | AddressLine1Txt |
| City | GLEN SPEY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 12732 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| PETE COMSTOCK | ||||||
| PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LORI ZAMBARANO | ||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $55,143 | $0 | $8,604 |
| TAYLOR JAFFE | ||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| HELENA LE ROUX OHM | ||||||
| VICE PRESIDE | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| NISHA GUPTA | ||||||
| BOARD MEMBER | 2.00 | Yes (X) | $65,851 | $0 | $8,604 | |
| JACK COMSTOCK | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $71,253 | $0 | $8,604 | |
| MELISSA HOLDEN | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID BYRNES | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $192,247 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $25,812 | TotalOtherCompensationAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $150,129 | AllOtherContributionsAmt |
| Noncash Contributions | $43,275 | NoncashContributionsAmt |
| Total Contributions | $150,129 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| TUITION INCOME | $2,829,508 | $2,829,508 |
| SCHOOL PROGRAM INCOME | $30,732 | $30,732 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,860,240 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14 | TotalRevenueColumnAmt |
| Exclusion | $14 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $862 | GrossSalesOfInventoryAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $862 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $862 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| STATE REIMBURSEMENT | $20,780 | $20,780 |
| MISCELLANEOUS INCOME | $4,391 | $4,391 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $25,171 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,036,416 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,886,273 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $14 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $218,071 | TotalAmt |
| Program Services | $173,617 | ProgramServicesAmt |
| Management And General | $43,045 | ManagementAndGeneralAmt |
| Fundraising | $1,409 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,640,543 | TotalAmt |
| Program Services | $1,348,095 | ProgramServicesAmt |
| Management And General | $281,333 | ManagementAndGeneralAmt |
| Fundraising | $11,115 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $329,518 | TotalAmt |
| Program Services | $199,542 | ProgramServicesAmt |
| Management And General | $128,625 | ManagementAndGeneralAmt |
| Fundraising | $1,351 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,608 | TotalAmt |
| Program Services | $5,215 | ProgramServicesAmt |
| Management And General | $4,393 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,900 | TotalAmt |
| Program Services | $12,430 | ProgramServicesAmt |
| Management And General | $10,470 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,085 | TotalAmt |
| Program Services | $15,244 | ProgramServicesAmt |
| Management And General | $12,841 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,570 | TotalAmt |
| Program Services | $6,190 | ProgramServicesAmt |
| Management And General | $6,190 | ManagementAndGeneralAmt |
| Fundraising | $6,190 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,170 | TotalAmt |
| Program Services | $21,863 | ProgramServicesAmt |
| Management And General | $21,254 | ManagementAndGeneralAmt |
| Fundraising | $1,053 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $208,507 | TotalAmt |
| Program Services | $187,657 | ProgramServicesAmt |
| Management And General | $20,850 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,928 | TotalAmt |
| Program Services | $21,535 | ProgramServicesAmt |
| Management And General | $2,393 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,037 | TotalAmt |
| Program Services | $2,013 | ProgramServicesAmt |
| Management And General | $2,012 | ManagementAndGeneralAmt |
| Fundraising | $2,012 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,977 | TotalAmt |
| Program Services | $42,279 | ProgramServicesAmt |
| Management And General | $4,698 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| SCHOOL PROGRAM EXPENSE | $211,499 | $211,179 | $320 | |
| AUCTION EXPENSE | $41,702 | $41,702 | ||
| PROFESSIONAL DEVELOPMENT | $35,844 | $30,144 | $1,096 | $4,604 |
| DUES & SUBSCRIPTIONS | $18,267 | $10,806 | $150 | $7,311 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,676 | TotalAmt |
| Program Services | $12,832 | ProgramServicesAmt |
| Management And General | $4,922 | ManagementAndGeneralAmt |
| Fundraising | $4,922 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,926,902 | TotalAmt |
| Program Services | $2,300,641 | ProgramServicesAmt |
| Management And General | $554,941 | ManagementAndGeneralAmt |
| Fundraising | $71,320 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $623,801 | BOYAmt |
| EOY | $741,771 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $191,580 | BOYAmt |
| EOY | $57,398 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,414 | BOYAmt |
| EOY | $55,375 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $102,990 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $6,037 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $96,953 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,273 | BOYAmt |
| EOY | $31,671 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $866,068 | BOYAmt |
| EOY | $983,168 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $124,721 | BOYAmt |
| EOY | $221,557 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $573,679 | BOYAmt |
| EOY | $484,429 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $698,400 | BOYAmt |
| EOY | $705,986 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $167,179 | BOYAmt |
| EOY | $276,263 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $489 | BOYAmt |
| EOY | $919 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $167,668 | BOYAmt |
| EOY | $277,182 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $866,068 | BOYAmt |
| EOY | $983,168 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $109,514 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $46,872 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,296 | DepreciationAmt |
| Book Value | $44,576 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $56,118 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,741 | DepreciationAmt |
| Book Value | $52,377 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $96,953 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $3,263,377 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $226,961 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $226,961 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,036,416 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $3,036,416 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,153,863 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $226,961 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $226,961 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,926,902 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $2,926,902 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 3, PART X | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL FILES AN ANNUAL FORM 990 AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, NO FEDERAL OR NEW YORK STATE TAXES ARE PAID BY THE SCHOOL. THE SCHOOL HAS BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170 (B)(1)(A)(VI). THE SCHOOL ADOPTED THE PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REGARDING ACCOUNTING FOR UNCERTAIN TAX POSITIONS. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS IN ORDER TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE SCHOOL IS NOT SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS PRIOR TO 2020. | ExplanationTxt |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | false | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, LINE 3 | FormAndLineReferenceDesc |
| Explanation | A COPY OF THE ANTIDISCRIMINATION POLICY IS IN THE STAFF HANDBOOK, FAMILY HANDBOOK, AND ON THE HOME PAGE OF THE WEBSITE. | ExplanationTxt |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (2 entries)
| Relationship With OrgRelationshipWithOrgTxt | Cash GrantCashGrantAmt | Type Of AssistanceTypeOfAssistanceTxt | Assistance PurposeAssistancePurposeTxt |
|---|---|---|---|
| CO-DIRECTOR'S CHILD | |||
| CO-DIRECTOR | $12,236 | TUITION | TUITION |
| CO-DIRECTOR'S CHILD | |||
| CO-DIRECTOR | $12,236 | TUITION | TUITION |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOMESTEAD SCHOOL OF GLEN SPEY INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | 35% CONTR ENT | RelationshipDescriptionTxt |
| Transaction | $84,000 | TransactionAmt |
| Transaction | LEASED BUILDING | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $1,900 | NoncashContributionsRptF990Amt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | AUCTION ITEMS | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $41,375 | NoncashContributionsRptF990Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | false | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE M, PAGE 2, PART II | FormAndLineReferenceDesc |
| Explanation | 1 CONTRIBUTION OF MULTIPLE AUCTION ITEMS | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 2 | JACK COMSTOCK NISHA GUPTA BOARD MEMBER BOARD MEMBER FAMILY MEMBER |
| FORM 990, PAGE 6, PART VI, LINE 11B | BOARD MEMBERS WILL RECEIVE A COPY OF THE FORM 990 VIA EMAIL AND WILL REVIEW IT PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | PRIOR TO A DIRECTOR'S INITIAL ELECTION TO THE BOARD, OR AN OFFICER OF KEY PERSON'S EMPLOYMENT AT OR ENGAGEMENT BY THE CORPORATION, AND THEREAFTER ON AN ANNUAL BASIS, OR AT ANY TIME THEREAFTER UPON LEARNING OF A POSSIBLE CONFLICT OF INTEREST REQUIRING DISCLOSURE, ALL DIRECTORS, OFFICERS, AND KEY PERSONS SHALL DISCLOSE IN WRITING TO THE SECRETARY OF THE CORPORATION OR SUCH OTHER PERSONS AS DESIGNATED BY THE BOARD: (A) ANY FINANCIAL INTEREST SUCH PERSON MAY HAVE IN ANY RELATED PARTY TRANSACTION, INCLUDING ANY TRANSACTION WITH A CORPORATION, ORGANIZATION, PARTNERSHIP OR OTHER ENTITY WHICH PROVIDES PROFESSIONAL OR OTHER GOODS OR SERVICES TO CORPORATION FOR A FEE OR OTHER COMPENSATION AND (B) ANY ENTITY OF WHICH SUCH PERSON OR A RELATIVE OF SUCH PERSON HAS A SUBSTANTIAL FINANCIAL INTEREST AND WITH WHICH THE CORPORATION HAS OR IS CONSIDERING A RELATED PARTY TRANSACTION. |
| FORM 990, PAGE 6, PART VI, LINE 15A | ANY OFFICER, EMPLOYEE OR AGENT OF THE CORPORATION IS AUTHORIZED TO RECEIVE A REASONABLE SALARY OR OTHER REASONABLE COMPENSATION FOR SERVICES RENDERED TO THE CORPORATION WHEN AUTHORIZED BY A MAJORITY OF THE BOARD, AND ONLY WHEN SO AUTHORIZED. THE EXECUTIVE DIRECTOR SHALL BE COMPENSATED FOR SERVICES IN ACCORDANCE WITH THE CONTRACT FOR SERVICES, OR IF THERE IS NO CONTRACT, THE EXECUTIVE DIRECTOR MAY BE COMPENSATED IF SERVING AS AN EMPLOYEE OR INDEPENDENT CONTRACTOR AND SUCH COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION, INCLUDING ANY BENEFITS, SHALL BE REVIEWED AT SUCH DATES AND TIMES AS THE BOARD SHALL DETERMINE, BUT NOT LESS THAN ANNUALLY. |
| FORM 990, PAGE 6, PART VI, LINE 15B | ANY OFFICER, EMPLOYEE OR AGENT OF THE CORPORATION IS AUTHORIZED TO RECEIVE A REASONABLE SALARY OR OTHER REASONABLE COMPENSATION FOR SERVICES RENDERED TO THE CORPORATION WHEN AUTHORIZED BY A MAJORITY OF THE BOARD, AND ONLY WHEN SO AUTHORIZED. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST |